Closing marks the final step in your home buying journey, where all necessary documents are signed, funds are transferred, and ownership of the property officially changes hands.

Traditionally, closings take place at the title or escrow company, but thanks to modern technology, remote closings are becoming increasingly common, offering added convenience to buyers.

At YELLOW, we recommend title services that facilitate remote closings, saving you the hassle of traveling to a physical location.

ADDITIONAL RESOURCES

- WHAT TO EXPECT -

Here’s what happens at closing:

Payment of Closing Costs: You'll settle your closing costs and any remaining deposits, typically through a wire transfer.
Paperwork Galore: Be prepared to fill out a multitude of paperwork, including legal documents and financial disclosures.
Receiving Your Deed: Upon completion, you'll receive the deed to the property, officially transferring ownership to your name. Additionally, you'll obtain keys, garage door remotes, and any other essential items related to the property.

WHAT TO HAVE AT CLOSING

Photo ID: A valid form of identification is essential.
Outstanding Documents: Any remaining paperwork requested by the title company or mortgage loan officer.
Certified or Cashier's Check: Be prepared to pay closing costs not covered by the sales price. The exact amount will be outlined in the HUD-1 form you'll receive prior to closing.
Checkbook: It's handy to have in case of any unforeseen expenses or adjustments.

For a deeper understanding of the closing process, explore these resources:

WHAT TO EXPECT AT CLOSING

CLOSING CHECKLIST

CLOSING COSTS

EXPLAINING CLOSING DOCUMENTS

Consumer Finance Mortgage closing forms

CONGRATULATIONS ON BUYING A HOME!

Pre-closing